The currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.03024 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03068 |
| 2nd High | 0.03066 |
| Next High | 0.03024 |
| Current Price | 0.030130000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.03024 – 0.0302 – 0.03007 – 0.02998 – 0.02979 – 0.02985 —
0.030080000 – 0.030190000 —
47.771044245328 – 64.614585441987 —
– —
0.03024 – 1774639800
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –